SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* DEER IV & CO LLC (Last) (First) (Middle) C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 (Street) LARCHMONT NY 10538 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BROADSOFT INC [ BSFT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/12/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/12/2011		S		933	D	$41.76(1)	47,855	D
Common Stock	05/12/2011		S		26,413	D	$41.76(1)	1,635,545	I	See foot notes(2)(3)
Common Stock	05/12/2011		S		21,192	D	$41.76(1)	1,086,790	I	See foot notes(3)(4)
Common Stock	05/13/2011		S		1,006	D	$41.26(5)	46,849	D
Common Stock	05/13/2011		S		28,460	D	$41.26(5)	1,607,085	I	See foot notes(2)(3)
Common Stock	05/13/2011		S		22,834	D	$41.26(5)	1,063,956	I	See foot notes(3)(4)
Common Stock	05/16/2011		S		1,734	D	$39.01(6)	45,115	D
Common Stock	05/16/2011		S		49,063	D	$39.01(6)	1,558,022	I	See foot notes(2)(3)
Common Stock	05/16/2011		S		39,365	D	$39.01(6)	1,024,591	I	See foot notes(3)(4)
Common Stock								1,062	I	See foot note(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* DEER IV & CO LLC (Last) (First) (Middle) C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 (Street) LARCHMONT NY 10538 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BESSEMER VENTURE PARTNERS IV LP (Last) (First) (Middle) C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 (Street) LARCHMONT NY 10538 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BESSEC VENTURES IV LP (Last) (First) (Middle) C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 (Street) LARCHMONT NY 10538 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Deer Management Co. LLC (Last) (First) (Middle) C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 (Street) LARCHMONT NY 10538 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $40.70 to $42.43.

2. These securities are or were owned directly by Bessemer Venture Partners IV L.P. (the "BVP Fund").

3. Deer IV & Co. LLC (the "General Partner") is the general partner of the BVP Investment Funds (as defined below) and exercises voting and investment power with respect to securities owned directly by the BVP Investment Funds. The General Partner disclaims beneficial ownership of securities owned directly by the BVP Investment Funds and this report shall not be deemed an admission that the General Partner is the beneficial owner of such securities, except to the extent of its pecuniary interest therein. Deer Management Co. LLC ("Deer Management") is the management company of the BVP Investment Funds. Deer Management has no beneficial ownership of securities owned directly by the BVP Investment Funds because the management fees received by Deer Management from the BVP Investment Funds are asset based and/or satisfy the criteria for a qualifying performance-based fee under Rule 16a-1(a)(2) of the Securities Exchange Act of 1934, as amended.

4. These securities are or were owned directly by Bessec Ventures IV L.P. (collectively with the BVP Fund, the "BVP Investment Funds").

5. The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $40.41 to $41.67.

6. The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share of all shares sold on this date; the actual sale prices per share range from $38.05 to $41.12.

7. These securities are or were owned directly by Deer Management. The BVP Investment Funds and the General Partner have no pecuniary interest in the securities owned directly by Deer Management.

	Deer IV & Co. LLC, By: /s/ J. Edmund Colloton, Chief Operating Officer	05/16/2011
	Bessemer Venture Partners IV L.P., By: Deer IV & Co. LLC, its general partner, By: /s/ J. Edmund Colloton, Chief Operating Officer	05/16/2011
	Bessec Ventures IV L.P., By: Deer IV & Co. LLC, its general partner, By: /s/ J. Edmund Colloton, Chief Operating Officer	05/16/2011
	Deer Management Co. LLC, By/s/ J. Edmund Colloton, Managing Member	05/16/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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